Alerion's largest solar park in Romania gets funding

Business Forum
BCR has granted a €18.5 million loan to Italian Alerion Clean Power for the construction of a 35 MW photovoltaic project in Călăraşi county

BCR has granted a €18.5 million loan to Italian Alerion Clean Power for the construction of a 35 MW photovoltaic project in Călăraşi county

The loan has a maturity date of 2040, and the total value of the investment amounts to €26.8 million, according to BCR representatives. The solar park is estimated to generate an annual output of 51,000 MWh.

In Romania, the Italian group has so far developed several wind farm projects in the localities of Auşeu-Borod, Vrani, Jimbolia and Sânnicolau Mare.

In 2024, the Alerion Group began production at two new photovoltaic power plants in Romania, in the municipality of Periş, each with an installed capacity of approximately 6 MWp.

“We are pleased to consolidate our presence in Romania, a country that has significant potential for the development of clean energy. This new project represents an important step in Alerion's commitment to expanding its renewable energy portfolio across Europe,” said Josef Gostner, President & CEO of Alerion Clean Power.

Clifford Chance Badea provided legal advice to BCR in this deal.

RECOMMENDED
Erste and BCR refinance office building in Bucharest
Real estate

Erste and BCR refinance office building in Bucharest

Erste Group Bank and its Romanian subsidiary BCR have jointly provided €21 million in refinancing for the Day Tower office building in Bucharest. The loan facility was signed with Danube Capital Partners.

Iulius, Atterbury Europe secure record €400 million loan for mixed-use project in Cluj-Napoca
Real estate

Iulius, Atterbury Europe secure record €400 million loan for mixed-use project in Cluj-Napoca

Iulius and Atterbury Europe have secured the largest loan ever granted for a new real estate development in Romania. The €400 million syndicated financing will back the development of the Rivus Cluj-Napoca mixed-use urban reconversion project. The green loan was provided by a consortium of four major financial institutions: Erste Bank, BCR, EBRD, and BRD. 

RECOMMENDED FROM THE HOME PAGE
Bucharest yields remain well above Western European levels
Real estate

Bucharest yields remain well above Western European levels

Bucharest is consolidating its position within the Central and Eastern European (CEE) real estate market, combining rental growth across major asset classes with investment yields that remain well above Western European levels, according to the DNA of Real Estate Europe Q2 2026 report published by Cushman & Wakefield. Across Europe in Q2 2026, prime office rents rose 4.5% year-on-year, retail rents increased 3.0%, and logistics rents grew 2.4%, while investors remained selective as yield movements pointed to a more balanced market following the repricing cycle of recent years.

Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.